There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 33. Electric, Street Railway And Gas Corporations
§49-33-8 Powers of corporation--Holding property.
SD Codified L § 49-33-8 (through 2011) What's This?
49-33-8. Powers of corporation--Holding property. Every corporation organized under this chapter shall have power to take and hold such voluntary grants of real and other property as may be made to it to aid in the construction, maintenance, and accommodation of its railways, power or lighting plants, but the real property received by voluntary grant shall be held and used for the purpose of such grant only.
Source: SDC 1939, § 52.1509 (3).
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